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Deutsche Bank Research

Maintains ‘Buy’ with a price target of Rs 750, a potential upside of 23 percent from the last regular trade.

Getting better; strong trends across all sectors.

Asset quality improves; unrecognised stress book declines.

Expects lower slippages and lower credit costs.

ONGC Best Nifty Performer After Q2 Earnings

Shares of the state-run oil explorer rose as much as 4.8 percent to Rs 165 apiece after the company reported a higher-than-expected rise in profit during the July-September quarter on higher global crude prices and a weaker rupee.

JPMorgan

Maintains ‘Overweight’ with a price target of Rs 265, implying a potential upside of 68 percent from the last regular trade.

A strong quarter driven by higher realisations.

Weakness in rupee, recent gas price hike should aid earnings further.

Stock pricing in large subsidy burden.

No dividend as company is considering buying back shares.

IDFC Securities

Maintains ‘Outperform’ and raised price target to Rs 265 from Rs 255, implying a potential upside of 23 percent from the last regular trade.

Another strong quarter, but oil output a miss; highest profit in the last four years.

Market overcompensating for near-term uncertainty.

Expects subsidy contribution of $6 a barrel for the current and the next financial year; expects annualised EPS of 28 percent over FY18-20.

Other Stocks Reacting To Earnings:

Cadila Healthcare (Q2, YoY)

Stock fell 2.8 percent intraday to Rs 348 per share.

Revenue down 8.1 percent at Rs 2,961.2 crore.

Net profit down 17 percent at Rs 417.5 crore.

Ebitda down 19.7 percent at Rs 687.8 crore.

Margin at 23.2 percent versus 26.6 percent.

Gujarat Gas (Q2, YoY)

Stock declined percent 6.4 percent to Rs 593.60 apiece.

Revenue up 40.8 percent at Rs 20,13.83 crore.

Net profit down 33 percent at Rs 41.07 crore.

Ebitda down 21 percent at Rs 160.73 crore.

Margin at 8 percent versus 14.2 percent.

Board recommends stock split in the ratio 1:5.

Sun TV Network (Q2, YoY)

Stock fell 6 percent to Rs 623.65 apiece.

Revenue up 10.9 percent at Rs 749.6 crore.

Net profit up 23.4 percent at Rs 351.3 crore.

Ebitda up 11.7 percent at Rs 554.1 crore.

Margin at 73.9 percent versus 73.4 percent.

Other income at Rs 62.12 crore versus Rs 37.23 crore.

(Prices as of 9:25 a.m.)

Strides Pharma Gains After Completion Of U.S. FDA Inspection

Shares of the drugmaker rose as much as 3.8 percent to Rs 433.80 apiece.

The company announced the completion of inspection by the U.S. Food and Drug Administration at its flagship facility in Bengaluru with no Form 483 observations, according to its exchange filing.

The stock fell 46 percent in the past 12 months compared with a 5.1 percent rise in the BSE Sensex, Bloomberg data showed.

Oriental Carbon Falls After Board Approves Buyback

Shares of the chemicals maker erased early gains and fell as much as 2.4 percent to Rs 1,081.10 apiece.

The company’s board approved a buyback of 3.04 lakh shares, representing 2.96 percent of the paid-up equity capital, for Rs 1,150 apiece, according to its exchange notification. The amount of buyback amounted to Rs 35 crore.

The stock trades 19.8 times trailing its 12-month earnings per share and 16 times its estimates for the coming year, Bloomberg data showed.

PC Jeweller More Than Doubles In 7 Sessions On Festive Demand

Shares of the Delhi-based jewellery retailer surged as much as 14 percent to Rs 100.35 apiece.

The stock rose for the seventh straight day and has more than doubled during the course. Analysts said the stock is surging because of rising gold prices amid festive demand for jewellery.

SBI Gains Ahead Of Q2 Results

Shares of the India’s largest state-run bank rose 1.6 percent to Rs 290 apiece as its quarterly earnings is scheduled to be reported today.

Net interest income is expected to rise 14.9 percent to Rs 21,355 crore.